Case Study – Cross-border merge
Managing the cross-border merge of Swiss owned group
The owner of a prestigious company – working in construction – decided to close its operations in Hungary. As the company had long-term liabilities and did not want to maintain an office in Hungary, the owner decided to merge their Hungarian activity into one of their subsidiaries abroad.
Brief overview of tasks handled by the MB Advisory Office(MBAO) team:
- Closing the company and its administration in Hungary
- Auditing the ledger, rolling up cases and closing open items
- Reporting to authorities, negotiations and correspondence
- Contacting the foreign administration department and assessing report needs
- Designing and managing local accounting, preparation and submission of monthly reports
- Interim face-to-face meetings at the foreign site
- Preparation and submission of tax returns
MB Advisory Office completed all tasks within the given time frame, which was set to one year.
